Bloomberg: U.S. Banks’ Legal Bills Exceed $100B

Bloomberg reported that the six biggest U.S. banks, led by JPMorgan Chase and Bank of America, have incurred $103 billion in legal costs since the financial crisis, more than all dividends paid to shareholders in the past five years.

The article noted that approximately 40% of the legal and litigation outlays arose since January 2012, and banks are warning the amount may rise as regulators, prosecutors and investors press new claims.